Get preapproved for financing or prepare cash
Research foreclosure laws in your state
Find foreclosure listings through banks, MLS, auction sites, and county records
Inspect the property if allowed
Estimate repair costs, liens, taxes, and unpaid fees
Check title status and outstanding debts
Set a maximum bid or offer price
Attend the auction or submit an offer through the lender
Bring required funds and identification
Buy the property at auction or through bank sale
Complete all required paperwork and transfer documents
Obtain title insurance if possible
Secure the property and arrange repairs
Pay any remaining taxes, liens, or association dues
Close with a real estate attorney or title company if needed